World shares track Wall St’s advance fueled by cooler jobs data WFTV [Video]

World shares were mostly higher on Monday after Wall Street ended last week with the market’s best day in more than two months in a rally backed by cooler-than-expected U.S. employment data.

European markets started the day with gains. Germany’s DAX edged 0.1% higher to 18,021.85 and the CAC 40 in Paris was up 4.55 points to 7,962.12. London’s markets were closed for a bank holiday.

The future contracts for the S&P 500 and the Dow Jones Industrial Average were both 0.1% higher.

In Asian trading, the Hang Seng in Hong Kong closed 0.4% higher at 18,548.77, and the Shanghai Composite index surged 1.2% to 3,140.72 as markets in mainland China reopened after a weeklong holiday. A private sector survey Monday showed the country’s services sector grew at a slower pace in April due to rising costs although new orders rose and business sentiment improved.

Australia’s S&P/ASX 200 rose 0.7% …